Snapshots of Food Industry News
Arjuna Launches Natural Preservative to Extend Frying Cycle of Veg Oils
Arjuna Naturals Extracts Ltd has launched a natural preservative to extend the frying cycle of vegetable oils. The degradation in frying oil occurs quickly due to higher temperature, oxidative degradation and hydrolytic rancidity which cause unpleasant flavours, odours and change in colour in the oil as well as the foods fried in it. Arjuna Naturals research and development (R&D) team has successfully developed a natural preservative that can help maintain vegetable oil colour, taste and functionality even in high temperatures and does not negatively affect the fried product. The new formulation contains a few simple ingredients, is GMO free, oil soluble and vegan.
The FSSAI has also revised its standards for reuse of vegetable oil in frying and cooking till it reaches maximum total polar compound (TPC) limit of 25 per cent. Any vegetable oil that crosses this threshold will not be considered safe to use. Arjuna’s natural preservative formulation slows down the oxidative degradation due to reuse and so the oil can be used safely for more times. Food processors will be able to fry an increased number of product batches per litre of oil, with delayed TPC development and decreased time to rancidity, which will also prove to be economic for them. The initial response to the formulation has been so strong that Arjuna Naturals Extracts Ltd has decided to immediately market this natural solution worldwide.
British Food & Beverage brands to explore alliances at India Food Forum 2018
The UK brands that are likely to participate in B2B meetings at the India Food Forum 2018 are some of the most trusted brands as well as latest food innovation and niche products delegation. The 2018 chapter of the India Food Forum promises to be an even bigger and grander affair with 200 speakers, 140 national exhibitors, 500 brands and also 30 International exhibitors. They expect to have 10,000 plus visitors including 400 international ones at the forum. A bevy of international pavilions of various foreign trade bodies and countries, including USA, UAE among others, will also be participating this year.
This year’s Food Forum will also see the launch of India’s 1st Food Start-ups and Innovation Convention and Awards that will be inaugurated by Pawan Agarwal, CEO, FSSAI), Atul Chaturvedi (Addl. Secretary (IPP), Ministry of Commerce and Industry, GOI*) and B N Dixit, Director ((Legal Metrology), Dept. of Consumer Affairs, GOI). This initiative has been launched with the focus on supporting young entrepreneurs to showcase and talk about their products and new ideas and challenges. This 11th edition of the India Food Forum is being powered by Sri Sri Tattva, which is planning on opening 1000 stores in India. The brand will also launch their products in Latin America in multiple categories including Ayurveda medicines, supplements, and food products, besides others.
WAFL to Open First Outlet in India in Delhi
Fast growing waffle chain WAFL is all set to enter India with a flagship entry in Delhi. WAFL already has 50 plus Quick Service Restaurants (QSR) outlets all over the world. In the first phase, after opening of the first outlet, WAFL will open more outlets in Delhi, Bengaluru and Surat. WAFL is set to open in all, 80 outlets with franchisee module, pan-India in 2018. The WAFL outlets will be of 200-250sq.ft, with a seating capacity of 8 to 16 seats. WAFL serves both sweet and savoury, veg and non-veg trendy food, which will be healthy and freshly baked. The Company is eyeing the untapped Indian breakfast market as well as the conventional fast food market to serve trendy foods at reasonable prices.
The USP of WAFL is corn based products but the WAFL food range includes waffle products like Hong Kong WAFL, Belgian WAFL, WAFL Corn Dog, WAFL Sandwich, WAFL Pie and the unique J-Tube is made of corn for soft serve that is crispy, along with thick shakes, tea and coffee. WAFL is aware of the health conscious consumers and so they intend to serve deliciously healthy food. The company is positive that Indian market will like their products like J-Tube, WAFL Pie. J-Tube soft serve which will enter Indian markets for the first time.
Safal Opens Six Retail Outlets in Sambalpur District of Odisha
Safal, the Fruit and Vegetable (F&V) initiative of National Dairy Development Board (NDDB) subsidiary Mother Dairy Fruit & Vegetable Limited (MDFVPL), has expanded its footprint into Odisha and has launched six retail outlets in Sambalpur district, offering fresh fruit and vegetable range, Safal value added products, Dhara edible oil and Mother Dairy range of milk products. Safal sees immense potential in the F&V sector as western Odisha has a good agro climatic condition.
Safal will also embark upon on-ground agronomic intervention with farmers for key horticulture crops. These initiatives are aimed to encourage the farmers to enhance their cultivation and the yield through training and advice on good agriculture practices. Efforts in providing market linkage to the local growers and giving them remunerative price for their produce will give a fillip to the productivity and production of F&V in the region. Initially, locally grown fruits and vegetables such as guava, brinjal, cauliflower, cabbage, lobiya, green chillies, okra, cucumber and leafy vegetables will be directly sourced from FPO (Farmer Producer Organisation) and farmers supported by ORMAS (Odisha Rural Development And Marketing Society).
Tata Sampann Launches Ready-to-cook Multi-grain Khichdi Mix
Tata Sampann has extended its portfolio by launching ready-to-cook multi-grain khichdi mix. The khichdi mix will be sold in 28 cities through e-commerce portal Amazon Star Bazaar outlets in Mumbai, Pune and Ahmedabad. Tata Sampann’s approach is to bring to consumers such products that are at the cross-roads of modern science and traditional Indian wisdom. Khichdi is just the kind of food that fits this bill. The Tata Sampann Khichdi mix is a unique combination of convenience, taste and nutrition. The khichdi mix has been formulated with food connoisseur and Tata Sampann’s brand ambassador Chef Sanjeev Kapoor. This khichdi mix has been inspired from the Guinness World Record winning khichdi made with the company’s products at World Food India in November 2017.
Truefarm Foods to Raise Rs.100 Crore through PE
The 100 percent organic food company, Truefarm Foods India, is looking to raise Rs.100 crore in the next 18-24 months from private equity investors to finance its expansion plans. Truefarm aims to replace most of the foods in the daily diet with healthier, chemical free, nutritious and delicious alternatives. Truefarm was setup two years back and is now ready to roll-out wide range of product offerings including pulses, super-foods, spices, nuts, breakfast items, flours and sweeteners. They are engaging with farming communities across the world to cultivate 100 per cent organic crops, so as to reduce carbon footprint from toxins and chemicals in foods.
The company has tied-up with Reliance Fresh and other leading retail chains and aims to achieve a turnover of Rs.25 crore in the very first year of commercial operation. They have invested in capacities, firmed up product lines and forged distribution partnerships with global retailers including Wal-Mart and Amazon. They will also target global consumers across key markets including India, UK, Singapore and USA. The company has also appointed Ian Marber, a leading nutrition expert in UK as Director.